Citibank Battles State Probe in High Court Over Controversial Sh261M Kiru Tea Loan

Citibank Kenya has mounted a major legal battle at the High Court in Nairobi in a determined bid to shield its staff from aggressive criminal investigations surrounding a $2.02 million (approximately KSh 261 million) credit facility extended to Murang’a-based Kiru Tea Factory Company Limited.The international financial institution has filed a constitutional petition seeking urgent conservatory orders to restrain state security and investigative agencies from summoning, arresting, interrogating, or initiating criminal proceedings against its officers over the approval, processing, and subsequent disbursement of the multimillion-shilling loan.